Presentation Transcripts

Latest Update : Feb.24, 2022

Back to Financial Results (FY3/2022)

Investor Conference Call for 3Q FY 3/2022 held on February 4, 2022

This is an overview of the new base.

There are some who have asked why we are purchasing it, but I believe we need to. We rented a building in Meguro for 20 years. It goes without saying that we will not get the 11 billion yen we paid in rent back. When we relocated to Mita, all that we had to show for it was the obligation to restore the building to its original condition. We have been at the Mita head office building for about eight years. We have not sold it yet, so I can't say for sure, but according to the appraisal, we should see a gain on sale of around 10 billion yen. You could say that not only will we have used it for free, but we will also get some change back. This is the result of purchasing the building. I don't know what will happen at the new base, but it faces Hamarikyu on the bay side of Shimbashi Station, so we can say that it is in central Tokyo, which is a very geographically limited area.

Also, as you can see, it's a wonderful building that I could never have designed myself. Moreover, construction materials and labor expenses have risen sharply, so if you tried to build something like this today, it would be extremely expensive. Despite that, the building is 20 years old, so the cost will not change much. I believe the advantages are very significant.

18page (total 30pages)

Link to Adobe Reader® Download page You need Adobe Reader® to view these documents. Click on Adobe Reader icon on the left to download the software from the Adobe Systems website.

Go back to top of this page

Follow Us

Twitter Youtube